Chapter 1 Purpose
Article 1
The purpose of this system is to establish a remuneration management system for directors and senior management of Anhui Huangshan Rubber Co., Ltd. (hereinafter referred to as "the Company"), to build a scientific and effective incentive mechanism, and to promote the healthy and sustainable development of the Company. This system is based on the "Company Law of the People's Republic of China" and the "Regulations on the Governance of Listed Companies," and combines the actual situation of the Company to define the system.
Chapter 2 Scope of Application
Article 1
This system applies to the Company's directors and senior management, specifically including the following personnel:
- Directors: including independent directors and non-independent directors (including executive directors);
- Senior management personnel: refers to the personnel defined in the "Company's Articles of Association" as the company's general manager, deputy general manager, chief financial officer, and other senior management personnel.
Article 2
The remuneration management of the Company is based on the comprehensive management of the Company’s operational performance and the annual business plan, and is determined according to the following principles:
- Fairness and equity principle: remuneration should reflect the value of the position and responsibilities;
- Efficiency principle: remuneration should be linked to the effectiveness of the Company;
- Long-term development principle: remuneration should support the Company's sustainable development.